USD/CAD Exchange Rate Today, Forecast & News

USD/CAD
US Dollar - Canadian Dollar
Open
1.36515-0.00270 (-0.20%)
As of: Apr 29, 2024 17:01 UTC
Open
1.36785
High
1.36786
Low
1.36511

Stats

Prev. Close

1.36785

Open

1.36785

Day's Range

1.36511 - 1.36786

52 Week Range

1.30926 - 1.39030

YTD Change

3.03%

1 Year Change

0.83%

Economic CalendarAll Events

Time zone: GMT

Friday, April 26th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	Personal Income MoMMar	High	0.5%	0.5%	0.3%
12:30	USD	Core PCE Price Index MoMMar	High	0.3%	0.3%	0.3%
14:00	USD	Michigan Consumer Sentiment FinalApr	Medium	77.2	77.8	79.4

Monday, April 29th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
14:30	USD	Dallas Fed Manufacturing IndexApr	Medium	-14.5	-11	-14.4
19:00	USD	Treasury Refunding Financing Estimates	Medium

Tuesday, April 30th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	CAD	GDP MoM PrelMar	Medium		0.1%	0.4%
12:30	CAD	GDP MoMFeb	Medium		0.3%	0.6%

USD/CAD

The Canadian Dollar, also referred to as the Loonie, is referred to as a commodity currency. Both the value of the Loonie and Bank of Canada monetary policy are materially influenced by global commodity prices and the global economic outlook. While a commodity currency, the Loonie is also a benchmark currency, meaning that central banks globally hold Canadian Dollars as a reserve currency. The USD/CAD pairing is equal 5th most liquid pairing, accounting for 5% of total transaction volume in the FX markets. The Loonie is the 7th most traded currency in the world.

	Canada		United States
Interest Rate	5% Apr 24		5.5% Mar 24
Inflation Rate	2.9% Mar 24		3.5% Mar 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaNegative	AA+Stable